Pure Storage Inc - Understand $pstg stock

$PSTG Market Cap: $16.02 Billion

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Financial Snapshot

Revenue

$3.010B

TTM

Gross Margin

71.66%

TTM

Net Earnings

$136.5M

TTM

Current Assets

$2.553B

Q3 2024

Current Liabilities

$1.283B

Q3 2024

Current Ratio

198.99%

Q3 2024

Total Assets

$3.781B

Q3 2024

Total Liabilities

$2.328B

Q3 2024

Book Value

$1.453B

Q3 2024

Cash

$965.0M

Q3 2024

P/E

117.4

Sep 13, 2024 EST

Free Cash Flow

$653.4M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$2.831B	$2.753B	$2.181B	$1.684B	$1.643B	$1.360B	$1.023B	$728.0M	$440.3M	$174.5M	$42.73M
YoY Change	2.8%	26.26%	29.49%	2.48%	20.86%	32.92%	40.53%	65.32%	152.41%	308.23%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$2.831B	$2.753B	$2.181B	$1.684B	$1.643B	$1.360B	$1.023B	$728.0M	$440.3M	$174.5M	$42.73M
Cost Of Revenue	$809.4M	$855.8M	$708.3M	$535.3M	$509.9M	$457.5M	$353.8M	$252.3M	$167.9M	$77.55M	$4.155M
Gross Profit	$2.021B	$1.898B	$1.473B	$1.149B	$1.134B	$902.3M	$671.0M	$486.9M	$272.4M	$96.90M	$38.58M
Gross Profit Margin	71.4%	68.92%	67.52%	68.22%	68.97%	66.35%	65.59%	66.88%	61.87%	55.55%	90.28%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Selling, General & Admin	$1.197B	$1.122B	$989.0M	$898.5M	$891.2M	$721.6M	$559.2M	$432.3M	$316.0M	$184.7M	$60.70M
YoY Change	6.75%	13.41%	10.07%	0.82%	23.5%	29.04%	29.34%	36.83%	71.1%	204.24%
% of Gross Profit	59.24%	59.11%	67.16%	78.2%	78.62%	79.98%	83.34%	88.8%	115.98%	190.58%	157.34%
Research & Development	$736.8M	$692.5M	$581.9M	$480.5M	$433.7M	$349.9M	$279.2M	$245.8M	$166.6M	$92.71M	$36.10M
YoY Change	6.39%	19.0%	21.12%	10.79%	23.93%	25.34%	13.58%	47.51%	79.75%	156.81%
% of Gross Profit	36.45%	36.49%	39.52%	41.82%	38.26%	38.78%	41.61%	50.49%	61.17%	95.67%	93.58%
Depreciation & Amortization	$124.4M	$100.4M	$65.90M	$57.10M	$80.40M	$68.30M	$60.20M	$48.80M	$31.00M	$14.60M	$4.400M
YoY Change	23.88%	52.4%	15.41%	-28.98%	17.72%	13.46%	23.36%	57.42%	112.33%	231.82%
% of Gross Profit	6.16%	5.29%	4.48%	4.97%	7.09%	7.57%	8.97%	10.02%	11.38%	15.07%	11.41%
Operating Expenses	$1.934B	$1.814B	$1.571B	$1.410B	$1.325B	$1.072B	$838.4M	$708.2M	$482.6M	$277.4M	$96.73M
YoY Change	6.61%	15.48%	11.42%	6.42%	23.64%	27.81%	18.39%	46.73%	73.99%	186.75%
Operating Profit	$87.16M	$83.51M	-$98.40M	-$261.0M	-$191.3M	-$169.3M	-$167.4M	-$221.3M	-$210.2M	-$180.5M	-$78.13M
YoY Change	4.37%	-184.87%	-62.3%	36.46%	13.01%	1.09%	-24.33%	5.28%	16.46%	131.01%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Interest Expense	$37.22M	$4.749M	$36.68M	$31.40M	$27.90M	$21.62M	$19.00K	$44.00K
YoY Change	683.79%	-87.05%	16.79%	12.57%	29.06%	113663.16%	-56.82%
% of Operating Profit	42.7%	5.69%
Other Income/Expense, Net	$37.04M	$8.295M	-$30.10M	-$9.127M	-$3.383M	-$8.016M	$11.45M	$1.627M	-$2.002M	-$1.412M	-$141.0K
YoY Change	346.47%	-127.56%	229.77%	169.79%	-57.8%	-170.04%	603.44%	-181.27%	41.78%	901.42%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Pretax Income	$90.59M	$91.81M	-$128.5M	-$270.2M	-$194.7M	-$177.3M	-$156.0M	-$219.6M	-$212.2M	-$181.9M	-$78.27M
YoY Change	-1.33%	-171.45%	-52.44%	38.78%	9.81%	13.64%	-28.98%	3.52%	16.65%	132.39%
Income Tax	$29.28M	$18.74M	$14.76M	$11.92M	$6.321M	$1.089M	$3.889M	$1.887M	$1.569M	$1.337M	$291.0K
% Of Pretax Income	32.32%	20.41%
Net Earnings	$61.31M	$73.07M	-$143.3M	-$282.1M	-$201.0M	-$178.4M	-$159.9M	-$221.5M	-$213.8M	-$183.2M	-$78.56M
YoY Change	-16.09%	-151.01%	-49.21%	40.35%	12.68%	11.56%	-27.83%	3.64%	16.66%	133.23%
Net Earnings / Revenue	2.17%	2.65%	-6.57%	-16.75%	-12.23%	-13.12%	-15.63%	-30.43%	-48.54%	-105.03%	-183.84%
Basic Earnings Per Share	$0.20	$0.24	-$0.50	-$1.05	-$0.79
Diluted Earnings Per Share	$0.18	$0.22	-$0.50	-$1.05	-$0.79	-$769.0K	-$755.7K	-$1.138M	-$2.592M	-$989.7K	-$424.6K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Cash & Short-Term Investments	$1.531B	$1.582B	$1.413B	$1.254B	$1.299B	$1.198B	$597.3M	$546.7M	$604.7M	$192.7M	$130.9M
YoY Change	-3.23%	11.95%	12.75%	-3.52%	8.49%	100.49%	9.26%	-9.59%	213.8%	47.21%
Cash & Equivalents	$702.5M	$580.9M	$466.2M	$337.1M	$362.6M	$448.0M	$244.1M	$183.7M	$604.7M	$192.7M	$130.9M
Short-Term Investments	$828.6M	$1.001B	$947.1M	$916.4M	$936.5M	$749.5M	$353.3M	$363.0M
Other Short-Term Assets	$262.1M	$230.0M	$197.8M	$147.0M	$94.00M	$80.90M	$68.70M	$41.00M	$36.40M	$20.60M	$10.30M
YoY Change	13.96%	16.27%	34.57%	56.38%	16.19%	17.76%	67.56%	12.64%	76.7%	100.0%
Inventory	$42.66M	$52.10M	$38.94M	$46.70M	$38.50M	$44.70M	$34.50M	$23.50M	$20.60M	$21.60M	$7.900M
Prepaid Expenses
Receivables	$662.2M	$612.5M	$542.1M	$460.9M	$458.6M	$378.7M	$243.0M	$169.0M	$126.3M	$59.00M	$14.80M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$2.498B	$2.477B	$2.192B	$1.908B	$1.890B	$1.702B	$943.5M	$780.1M	$788.1M	$294.0M	$163.9M
YoY Change	0.86%	12.98%	14.88%	0.94%	11.08%	80.37%	20.95%	-1.02%	168.06%	79.38%
Property, Plant & Equipment	$482.5M	$431.4M	$307.0M	$297.7M	$235.6M	$125.4M	$89.10M	$81.70M	$52.60M	$39.90M	$12.20M
YoY Change	11.87%	40.49%	3.14%	26.36%	87.88%	40.74%	9.06%	55.32%	31.83%	227.05%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$280.7M	$226.6M	$214.7M	$178.2M	$142.4M	$114.7M	$86.30M	$31.40M	$23.10M	$14.20M	$8.900M
YoY Change	23.89%	5.54%	20.49%	25.14%	24.15%	32.91%	174.84%	35.93%	62.68%	59.55%
Total Long-Term Assets	$1.158B	$1.069B	$943.1M	$911.2M	$473.8M	$271.2M	$180.5M	$119.6M	$82.70M	$62.30M	$21.10M
YoY Change	8.34%	13.3%	3.5%	92.32%	74.71%	50.25%	50.92%	44.62%	32.74%	195.26%
Total Assets	$3.656B	$3.545B	$3.135B	$2.819B	$2.364B	$1.973B	$1.124B	$899.7M	$870.8M	$356.3M	$185.0M
YoY Change
Accounts Payable	$82.76M	$67.12M	$70.70M	$67.50M	$77.70M	$103.5M	$84.40M	$52.70M	$38.20M	$11.00M	$7.500M
YoY Change	23.3%	-5.07%	4.75%	-13.13%	-24.93%	22.63%	60.15%	37.96%	247.27%	46.67%
Accrued Expenses	$430.7M	$392.0M	$303.4M	$245.2M	$174.9M	$136.0M	$86.70M	$59.80M	$45.30M	$19.10M	$7.900M
YoY Change	9.86%	29.21%	23.74%	40.19%	28.6%	56.86%	44.98%	32.01%	137.17%	141.77%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$0.00	$574.5M
YoY Change	-100.0%
Total Short-Term Liabilities	$1.366B	$1.752B	$952.3M	$760.7M	$614.7M	$509.8M	$362.7M	$273.1M	$184.5M	$69.60M	$29.20M
YoY Change	-22.04%	83.95%	25.19%	23.75%	20.58%	40.56%	32.81%	48.02%	165.09%	138.36%
Long-Term Debt	$100.0M	$0.00	$786.8M	$755.8M	$477.0M	$449.8M	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change		-100.0%	4.1%	58.45%	6.05%
Other Long-Term Liabilities	$920.0M	$852.4M	$641.9M	$553.0M	$442.3M	$275.6M	$186.9M	$148.2M	$122.9M	$42.30M	$9.000M
YoY Change	7.93%	32.79%	16.07%	25.03%	60.49%	47.46%	26.11%	20.59%	190.54%	370.0%
Total Long-Term Liabilities	$1.020B	$852.4M	$1.429B	$1.309B	$919.3M	$725.4M	$186.9M	$148.2M	$122.9M	$42.30M	$9.000M
YoY Change	19.67%	-40.34%	9.16%	42.37%	26.73%	288.12%	26.11%	20.59%	190.54%	370.0%
Total Liabilities	$2.386B	$2.604B	$2.381B	$2.069B	$1.534B	$1.235B	$549.6M	$421.3M	$307.4M	$112.2M	$38.10M
YoY Change	-8.39%	9.37%	15.06%	34.89%	24.2%	124.75%	30.45%	37.05%	173.98%	194.49%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2024	2023	2022	2021	2020
Basic Shares Outstanding	311.8M shares	299.5M shares	285.9M shares	267.8M shares	252.8M shares
Diluted Shares Outstanding	332.6M shares	339.2M shares	285.9M shares	267.8M shares	252.8M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Dividends

Stock Price

Market Cap: $16.024 Billion

About Pure Storage Inc

Pure Storage, Inc. engages in the business of delivering innovative and disruptive data storage, products, and services that enable customers to maximize the value of data. The company is headquartered in Santa Clara, California and currently employs 5,600 full-time employees. The company went IPO on 2015-10-07. The firm is focused on delivering a disruptive data storage platform, which supports a range of structured and unstructured data, at scale and across any data workload in hybrid and public cloud environments, and includes mission-critical production, test and development, analytics, disaster recovery, backup and restore, artificial intelligence (AI) and machine learning. Its integrated hardware systems include FlashArray and FlashBlade. Its cloud-native storage includes Portworx by Pure Storage and Portworx Data Services. The company delivers modern cloud-oriented services, management and automation to customers across their on-premises, private and public cloud environments. Its cloud operating model is delivered through its Pure Fusion, Evergreen architecture and Pure1 cloud management plane. The firm sells its products and subscription services using a direct sales force and its channel partners.

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